On the M30 time frame, the XAU/ USD pair presents a potential buying opportunity due to the recent downward break from an explicit bullish flag pattern. This suggests that momentum will shift to the upside in the coming hours. Strategy: Gold pullback 2660-2665 buy, target around 2670-2680, Stop loss: To manage risk, place a stop loss order below 2650. ...
EUR/USD retreated as traders reacted to the weak PMI data. The eurozone manufacturing PMI fell to 44.8 in September from 45.8 in August, while the services PMI fell to 50.5 from 52.9. If EUR/USD settles below the support level of 1.1115-1.1130, it will move towards the next support level, the 1.1000-1.1015 zone.
Eur/USD traded cautiously today ahead of US economic data. Sentiment depends on inflation data and consumer spending results. Traders await a slew of important U.S. economic data due today. The Fed's preferred inflation measure, the core personal consumption expenditures price index, is due at 12:30 p.m. Et and is expected to show a monthly gain of 0.2...
Crude oil has bounced back for two weeks in a row, but the overall trend is still bearish, and the upper pressure level is mainly near 73, which is also the long-short boundary; The upper near pressure levels are 71.5 and 72.5 respectively, and the lower support is 70,68.5 and 67 respectively, giving a short order strategy today. Operation strategy: When it...
So far this year, the S&P 500 is up about 20 percent. The upside for the S&P 500 is limited and, in most cases, starts to fall back. The larger trend remains bullish, with new highs possible later this year, but volatility is likely in the next month or so. The 50-day up/down volume indicator is a signal that could last several months. There will be consolidation...
The USD/JPY rally is likely to continue as month-end and quarter-end flows provide fresh impetus to the dollar. Last week's rally from the psychologically important bottom of 140 in USDJPY is likely to continue in the near term, although it is too early to say that the weeks-long selling wave is over. As month-end and quarter-end flows will dominate, the next few...
Despite a rough start to September, Bitcoin has rebounded 7.25% so far this month as the end of the month approaches and is now on track for the strongest September performance in its history. From a technical perspective, the initial resistance level for Bitcoin is at $65,000. At the same time, many analysts expect bulls to easily break through $65,000 in the...
From last week's Fed rate cut and increased demand for bitcoin ETFs to bipartisan political support, the list goes on. Although for different reasons, the traders around me and I seem to agree that they will drive the rally. One of the main drivers behind Bitcoin's rise was the Federal Reserve's recent decision to cut interest rates by 50 basis points, a decision...
Last week, the gold market completed the key break under the background of the fundamentals, the market opened at the beginning of the week at the position of 2579.4 after the market first pulled up to give the position of 2590 after the market fell back, gave the position of 2560 after the early morning of Thursday first pulled up to give a new high of 2600 after...
Yesterday, the gold technical level around the 2620 mark twice back down after the rebound, the United States ushered in an accelerated high breakthrough and stood on the 2640 mark continued to strengthen to 2650 to reach a strong close near 2664, the K line closed strongly broke the high sun, the overall gold price around the 5-day moving average support...
Gold has broken through a new high again, if you read my last article this morning and listen to the advice of friends, I believe you must be very profitable today, gold has a new breakthrough every day, constantly creating a record high, according to the current trend of 2700 is the latest thing, why the rise of gold so fierce? First of all, the Federal Reserve...
Crude oil from the daily chart level, the medium-term trend fell to a low of 65.50, and then gained support for a short-term rebound. The daily line appeared a wave of master master alternating rhythm, and the bullish momentum increased. However, from the point of view of the moving average system, it still repress oil prices, and the medium-term objective trend...